I didn't make much money, but the most valuable aspect of the experience for me was learning how to find crafts people, acting as my own general contractor, and then learning what order in which to do repairs and improvements.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We thought we had to accept whatever was presented to us, but that experience taught me otherwise.

General rule of thumb for hard money is 25% (plus closing costs) down especially if you don't have a lot of experience.

I came here for the deep well of knowledge and experience that members of this community have.

With our price target of around $1M, we potentially save 25k-30k (minus broker split) in commissions.My wife is uncomfortable representing us since I have no experience as an agent.

In my experience, you will always have to get a credit check as part of the application process as the lender needs to verify your credit history for anything outside of the norm and to see your credit score.

**Insurance and Liability**: What insurance considerations should I keep in mind, and what liability clauses are important to include?

Does anyone have recommendations on their experiences with a particular brand?

It's nice to see you already have some experience.